Are You an Austrian?

Ludwig von Mises Institute ^

[logician2u]

Are You an Austrian?

Take the following quiz of 25 questions on economic issues (or go to truncated 10-question version). Click on the answer that most describes your view. You must answer all 25. Submit your quiz, and get your score emailed to you. There will be no follow up emails. (Q&A prepared with the assistance of Randall Holcombe, Peter G. Klein, Robert Murphy, D.W. MacKenzie, Joseph Stromberg, and Mark Thornton&?none of whom bear final responsibility for the answers.)

The method and scoring of the quiz will be revealed once you submit your answers. Essential sources for understanding the Austrian School intellectual framework are the Ten Must Haves from the Mises Institute catalog and the Austrian Study Guide. (Professors who want to use a version of this quiz in their classroom can email quiz manager.)

[logician2u]

Take the quiz, FReepers, and find out where you stand economically.

Not your net worth, but your understanding of economics, that is.

If you want to, post your score(s) on this thread. Tell us why you answered some of the questions the way you did. Where you disagree, say why and see if you can defend your case with links to Web pages if you have them.

The quiz will take a few minutes (typically 30) to complete, so take your time. Although it's multiple-choice, don't expect to find many questions you'll be able to answer in the traditional way, by discarding the blatantly wrong ones. Many answers will seem reasonable to the average person, so read them all carefully and look for (sometimes subtle) differences.

Don't feel too badly if you answer some of the questions in the socialist manner. That's commonly the case, even among those who have studied what passes for economics.

NO FAIR LOOKING AHEAD!!! Take the test first, then you can see other scores and comments and post your own.

[NOTE: Scoring is done automatically after you click on the submit button. You won't need to check your e-mail to learn how you did, in spite of what they say above.]

[steplock]

Needs a better title!

maybe have the moderator ADD something like:

Economics Quiz or Economics Poll

just to make it clearer and get more readers?

[luckydevi]

Scored a 90

[logician2u]

I appreciate the suggestion; however, it's my practice to stick with article titles, as suggested in the Posting Guidelines.

Getting the right people's attention should not require a catchy title, IMHO.

[logician2u]

Good for you!

[seowulf]

Scored 97. I knew the Austrian answer I "missed"-just didn't agree with it.

[seowulf]

By the way, the one I missed was on defense. I just cannot see how to get rid of the problem of freeloaders. If someone is not willing to defend their neighbors (the community) how does the community defend itself without defending the freeloaders as well? I suppose the Austrian solution would be to kick the freeloaders out of the community.

[logician2u]

That's your privilege. (Was it on Q24 by chance?)

[steplock]

Normally I would agree, but this would be one of those extra-ordinary cases where adding a short descriptive AFTER the original title would have been nice.

I need to read more on the background of this because I don't quite see the relationship between the ECONOMICS and being an AUSTRIAN.

Maybe it's my genes from Jugoslavia, Czechoslovakia, etc that confuse me? Actually, I think I have kin from Austria also ??

Any other Stiplochek, steploshek, Stiplocek, or other variants out there?

[seowulf]

I think so. I took the test yesterday.

[seowulf]

It is know as Austrian economics because the founder of this school of thought was Ludwig von Mises, an Austrian. It is the basis of anarchistic capitalism-complete laissez-faire.

[x]

It's pretty simple.

This is an Austrian

This is a jackass

[logician2u]

And you are?

[logician2u]

That would be 22.

Many people have a problem with that one, I would guess.

[Agnes Heep]

I got an 84 out of 100.

[Rifleman]

Nope. The "free rider problem" is irrelevant. People who want something will pay for it. If someone else gets some good out of it, who cares.

My score was 98.

[logician2u]

I don't normally ping others to a thread I start, but since this one may go nowhere fast (i.e, below the recent threads horizon), perhaps some of you will find this of interest.

Feel free to ping your pals if you are so inclined.

(It will be interesting to see the scores some of the neocons and trade protectionists rack up, too. You know who I mean.)

[Rifleman]

Nope, not anarcho-capitalism, but Mises produced the theoretical foundation for laissez-faire capitalism. Me, I am an anarcho-capitalist. Mises was a minarchist. He belived in a small government constrained to those few things that it can do effectively. He even believed in a military draft (sort of).

[Rifleman]

I should have said the _modern_ theoretical foundation.

[palmer]

68. My biggest beef was with the monetary policy is the root of economic cycles. That might be true on occasion (e,g. crash of 1929), but not generally. The general cause is human psychology.